It may seem pretty obvious when looking at this chart, but every time oil has spiked rapidly like this, it follows with a massive downturn. It will be interesting to see what happens in the next couple months with crude.
This shows all the different Volatility products. As you can see, when the 9d Vix goes above the longer term Vix's. Bad things happen. Why? Because if the 9 day vix is higher than the others, it means that people are more uncertain about what will happen in the next 9 days than the next few months. Just something to think about:)
